High-value personal loans surge as lenders grow cautious
'Personal loan originations declined by 2.6% in value, reflecting increased caution amid rising delinquencies.
NBFCs
gained market share significantly, and high-value loans (Rs10 lakh+) saw growth, even as lenders faced growing stress in the Rs1-5 lakh segment,' said credit bureau CRIF High Mark in its report How India Lends.
'Early and mid-stage delinquencies worsened across most lender types, except private banks.'
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According to the report, the share of origination of personal loans of above Rs10 lakh rose from 28.2% in FY14 to 30.9% in FY25, while the share for loans between Rs1 lakh-Rs10 lakh fell from 55.8% to 52.2% in the same period. The share of personal loans below Rs1 lakh increased from 16.0% to 16.9%.
'While high-ticket loans dominated total loan value, low-ticket loans are fuelling transaction volume, suggesting wider
financial inclusion
efforts or changing preferences,' the report said.
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Despite fall in
personal loan origination
in value terms, NBFCs have increased their market share from 32.2% in FY24 to 36.4% in FY25. Even in volume terms, their share has increased from 86.3% to 91.2%. 'As traditional banks adopt a cautious stance following RBI advisories on unsecured loans, NBFCs-especially fintech lenders-seem to be gaining traction even amid slower sector growth,' the report said.
In its recent Financial Stability Report, the
Reserve Bank of India
had highlighted that NBFCs, including housing finance companies (HFCs), and fintech firms account for 84.3% of personal loans below Rs 50,000.
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